Anupam Rasayan India Limited has approved the acquisition of a 0.73% stake in its subsidiary Tanfac Industries Limited for ₹60.88 crore through a preferential issue.

The Board of Directors sanctioned the deal on September 7, 2026, aiming to offset passive dilution resulting from Tanfac’s earlier qualified institutional placement.

Transaction Details

The company will acquire 2,60,065 equity shares of Tanfac at an issue price of ₹2,341 per share. The aggregate consideration stands at ₹60,88,12,165 (₹60.88 crore).

The transaction is structured as a cash consideration deal. Anupam Rasayan will execute the acceptance form in Form PAS-4 dated September 3, 2026, issued by Tanfac.

Regulatory and Corporate Context

Tanfac Industries is a joint sector company promoted by Anupam Rasayan and the Tamil Nadu Industrial Development Corporation (TIDCO). It operates in the chemicals sector, specializing in fluorine-based products such as hydrofluoric acid and aluminium fluoride.

Under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, this preferential issue does not classify as a related party transaction. The promoter group holds no direct interest in Tanfac beyond their shareholding in Anupam Rasayan.

What the Numbers Show

The acquisition price implies a significant premium over face value. With a face value of ₹5 per share and an issue price of ₹2,341, the transaction values the incremental stake at nearly 468 times par. This pricing reflects Tanfac’s underlying net worth of ₹373.2 crore against a paid-up capital of ₹9.975 crore, indicating strong retained earnings accumulation since its incorporation in 1972.

Anupam Rasayan India Limited appointed Ms. Hetvi Vyas as Deputy Chief Financial Officer and Key Managerial Personnel, effective September 8, 2026. The board approved the appointment during its meeting on September 7, 2026, following recommendations from the Nomination and Remuneration Committee.

Ms. Vyas is a Chartered Accountant with over nine years of professional experience in finance, accounting, financial reporting, and corporate transactions. She possesses extensive expertise in statutory audits involving Ind AS, IFRS, and financial governance.

Professional Background

Ms. Vyas began her career in 2017 and joined Anupam Rasayan India Limited in 2023. Since joining, she has managed the group's international subsidiaries and acquired entities. Her responsibilities included leading post-acquisition integration across finance, tax, legal, and compliance functions. She also oversaw financial reporting, governance frameworks, and stakeholder coordination.

The board noted that her background positions her to contribute meaningfully to the group's financial strategy in her new role.

Board Meeting Details

The board meeting commenced at 7:41 pm and concluded at 8:47 pm on September 7, 2026. The company disclosed the appointment pursuant to Regulation 30 of the SEBI Listing Regulations, 2015. The outcome was hosted on the company's website.